RSSCFPB strikes medical bills from credit reports
The Consumer Financial Protection Bureau banned credit reporting companies from including medical bills on credit reports and credit scores used by lenders.
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Spotlight
News
Report: Auto repossessions rate higher than before pandemic
The rate of auto repossessions was higher at the end of 2022 than before the pandemic, according to a Consumer Financial Protection Bureau report.
CFPB fines Block $175 million for Cash App fraud
The Consumer Financial Protection Bureau fined fintech Block $175 million after finding it allowed fraud to multiply on its financial services platform Cash App.
CFPB looks to increase privacy protections on large tech platforms
The Consumer Financial Protection Bureau announced two measures last week to provide privacy protections on large technology platforms.
CFPB sues Walmart, Branch Messenger for driver payment accounts
The Consumer Financial Protection Bureau recently sued Walmart and its fintech partner Branch Messenger for allegedly illegally opening deposit accounts for more than 1 million delivery drivers.
Judge upholds ban on CFPB’s credit card late fee proposal
A federal judge recently upheld the preliminary injunction against the Consumer Financial Protection Bureau’s proposed limit on credit card late fees to $8 per incident.